The San Diego Community College District (SDCCD) – the largest single provider of
education and job training in the region – has a new balanced budget of nearly $727
million for the 2017-18 fiscal year that extends efforts aimed at promoting student
success, expands an array of programs that are putting people to work, and allows
for the District to serve more students at San Diego City College, Mesa College, Miramar
College, and San Diego Continuing Education.
This year’s budget is the latest in a years-long tradition of responsible fiscal management
that has yielded tens of millions of dollars in savings to local taxpayers and the
highest bond ratings of any college district of its type in California. While government
agencies across the country are facing a crisis with the health of their retirement
funds, the SDCCD is planning for and taking steps to meet its pension obligations.
In addition, cash reserves – which equal approximately 5 percent of the district’s
general fund budget – are in accordance with state and district policy.
The SDCCD’s Board of Trustees unanimously approved the annual spending plan at its
Sept. 14 meeting.
“I’m pleased to have a balanced budget that moves the District forward,” said SDCCD
Chancellor Constance M. Carroll. “The District’s fiscally responsible approach continues
to benefit our students, employees, and the community.”
Expenses this year will decrease $64 million, most of which is related to a sharp
decrease in spending on Proposition S and N construction projects. The voter-approved,
$1.55 billion program is winding down, and the final $122 million in bonds were sold
November 16, 2016.
The budget fully funds an expanding menu of intersession class offerings between the
fall and spring semesters, enabling students additional opportunities to take the
core classes they need to graduate on time. Expenditures for Student Success and Support
Programs (SSSP) are set at $10.7 million, and spending on student equity efforts is
set for $5.5 million, which combined enable the district to continue supporting students
in achieving their educational goals. Enrollment is projected to rise by 1.5 percent
districtwide, with San Diego Miramar College accommodating the majority of the new
students as part of its planned expansion.
General Fund spending that is not restricted to certain programs is holding steady
at nearly $311 million, with total General Fund spending tabbed at just under $435
million. Other expenses that are included in the overall budget but not the General
Fund include money for financial aid, capital improvements, and retiree benefits totaling
nearly $292 million.
“As a publicly funded institution, the San Diego Community College District takes
its responsibility to the taxpayers seriously,” said SDCCD Board of Trustees President
Maria Nieto Senour. “Our budgets are crafted through careful deliberations and employ
realistic assessments, which have placed us on solid financial footing.”
As the second-largest of California’s 72 community college districts, the San Diego
Community College District serves approximately 100,000 students annually through
three two-year colleges and San Diego Continuing Education. The three colleges, San
Diego City College, San Diego Mesa College, and San Diego Miramar College, offer associate
degrees and certificates in occupational programs that prepare students for transfer
to four-year colleges and entry-level jobs. Mesa College also offers a bachelor’s
degree in Health Information Management. Continuing Education offers noncredit adult
education at seven campuses throughout San Diego.
Tags: Press Release, SDCCD